R
rlg94086
Guest
Fair enough. As I’ve said, I’ve been to Europe and had the opportunity to talk about our differences from a government policy, taxation, etc. standpoint. If you are dealing with people who are honest about the good and bad of their country (not just out to bash the US, as many Europeans unfortunately seem to enjoy), you can learn a lot.Not a response … just informationUS and Europe …
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My educated guess regarding the personal charity on the part of our European counterparts is that 1) they are less religious, 2) they expect government to do it, 3) they are heavily taxed, so they have less disposable income.
I wouldn’t be surprised if their savings accounts are healthier than most Americans. There is still a cultural norm there that people save their money. We used to have that here as well, but it is no longer the case for most Americans. According to my former co-workers, it is also disappearing in Europe. However, as I explained, they do have forced retirement accounts - think of it as a 401k without the freedom of determining if you’ll participate and a minimum requirement for investment.
They used to have strong unemployment benefits and labor protection in Holland, but those are also disappearing. As I said, the programs were unsustainable. Their social security system for the future is also in jeopardy. Hopefully, their soon-to-be-seniors are in better shape with their retirement accounts than our soon-to-be-seniors. Otherwise, they may be in for a world of hurt.